STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION

DEFINITION OF MARKET VALUE:The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised, and each acting in what he considers his own best interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions* granted by anyone associated with the sale. *Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's judgement. STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION CONTINGENT AND LIMITING CONDITIONS:The appraiser's certification that appears in the appraisal report is subject to the following conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it. The appraiser assumes that the title is good and marketable and, therefore, will not render any opinions about the title. The property is appraised on the basis of it being under responsible ownership. 2. The appraiser has provided a sketch in the appraisal report to show approximate dimensions of the improvements and the sketch is included only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of its size. 3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in the appraisal report whether the subject site is located in an identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. 4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand. 5. The appraiser has estimated the value of the land in the cost approach at its highest and best use and the improvements at their contributory value. These separate valuations of the land and improvements must not be used in conjunction with any other appraisal and are invalid if they are so used. 6. The appraiser has noted in the appraisal report any adverse conditions (such as, needed repairs, depreciation, the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of during the normal research involved in performing the appraisal. Unless otherwise stated in the appraisal report, the appraiser has no knowledge of any hidden or unapparent conditions of the property or adverse environmental conditions (including the presence of hazardous wastes, toxic substances, etc.) that would make the property more or less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied, regarding the condition of the property. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, the appraisal report must not be considered as an environmental assessment of the property. 7. The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal report from sources that he or she considers to be reliable and believes them to be true and correct. The appraiser does not assume responsibility for the accuracy of such items that were furnished by other parties. 8. The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice. 9. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or alterations on the assumption that completion of the improvements will be performed in a workmanlike manner. 10. The appraiser must provide his or her prior written consent before the lender/client specified in the appraisal report can distribute the appraisal report (including conclusions about the property value, the appraiser's identity and professional designations, and references to any professional appraisal organizations or the firm with which the appraiser is associated) to anyone other than the borrower; the mortgagee or its successors and assigns; the mortgage insurer; consultants; professional appraisal organizations; any state or federally approved financial institution; or any department, agency, or instrumentality of the United States or any state or the District of Columbia; except that the lender/client may distribute the property description section of the report only to data collection or reporting service(s) without having to obtain the appraiser's prior written consent. The appraiser's written consent and approval must also be obtained before the appraisal can be conveyed by anyone to the public through advertising, public relations, news, sales, or other media. Freddie Mac Form 439 6-93 Page 1 of 2 Cowan Appraisal Service (918)335-0527 Fannie Mae Form 1004B 6-93

APPRAISER'S CERTIFICATION: The appraiser certifies and agrees that: 1. I have researched the subject market area and have selected a minimum of three recent sales of properties most similar and proximate to the subject property for consideration in the sales comparison analysis and have made a dollar adjustment when appropriate to reflect the market reaction to those items of significant variation. If a significant item in a comparable property is superior to, or more favorable than, the subject property, I have made a negative adjustment to reduce the adjusted sales price of the comparable and, if a significant item in a comparable property is inferior to, or less favorable than the subject property, I have made a positive adjustment to increase the adjusted sales price of the comparable. 2. I have taken into consideration the factors that have an impact on value in my development of the estimate of market value in the appraisal report. I have not knowingly withheld any significant information from the appraisal report and I believe, to the best of my knowledge, that all statements and information in the appraisal report are true and correct. 3. I stated in the appraisal report only my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the contingent and limiting conditions specified in this form. 4. I have no present or prospective interest in the property that is the subject to this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or the estimate of market value in the appraisal report on the race, color, religion, sex, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property. 5. I have no present or contemplated future interest in the subject property, and neither my current or future employment nor my compensation for performing this appraisal is contingent on the appraised value of the property. 6. I was not required to report a predetermined value or direction in value that favors the cause of the client or any related party, the amount of the value estimate, the attainment of a specific result, or the occurrence of a subsequent event in order to receive my compensation and/or employment for performing the appraisal. I did not base the appraisal report on a requested minimum valuation, a specific valuation, or the need to approve a specific mortgage loan. 7. I performed this appraisal in conformity with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place as of the effective date of this appraisal, with the exception of the departure provision of those Standards, which does not apply. I acknowledge that an estimate of a reasonable time for exposure in the open market is a condition in the definition of market value and the estimate I developed is consistent with the marketing time noted in the neighborhood section of this report, unless I have otherwise stated in the reconciliation section. 8. I have personally inspected the interior and exterior areas of the subject property and the exterior of all properties listed as comparables in the appraisal report. I further certify that I have noted any apparent or known adverse conditions in the subject improvements, on the subject site, or on any site within the immediate vicinity of the subject property of which I am aware and have made adjustments for these adverse conditions in my analysis of the property value to the extent that I had market evidence to support them. I have also commented about the effect of the adverse conditions on the marketability of the subject property. 9. I personally prepared all conclusions and opinions about the real estate that were set forth in the appraisal report. If I relied on significant professional assistance from any individual or individuals in the performance of the appraisal or the preparation of the appraisal report, I have named such individual(s) and disclosed the specific tasks performed by them in the reconciliation section of this appraisal report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any item in the report; therefore, if an unauthorized change is made to the appraisal report, I will take no responsibility for it. SUPERVISORY APPRAISER'S CERTIFICATION:If a supervisory appraiser signed the appraisal report, he or she certifies and agrees that: I directly supervise the appraiser who prepared the appraisal report, have reviewed the appraisal report, agree with the statements and conclusions of the appraiser, agree to be bound by the appraiser's certifications numbered 4 through 7 above, and am taking full responsibility for the appraisal and the appraisal report. www.suredocs.com/validate ADDRESS OF PROPERTY APPRAISED:, Bar APPRAISER: SUPERVISORY APPRAISER (only if required): Signature: Name: Tim R.Cowan Date Signed: 09/08/2014 State Certification #: Serial #:1C3F3D5F or State License #: 11321 SLA State: OK. Expiration Date of Certification or License: 06/30/2015 Signature: Name: Date Signed: State Certification #: or State License #: State: Expiration Date of Certification or License: Did Freddie Mac Form 439 6-93 Did Not Inspect Property Page 2 of 2 Form ACR_DEFD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Fannie Mae Form 1004B 6-93

NEIGHBORHOOD IDENTIFICATION LAND APPRAISAL REPORT File No. 23411 Borrower Census Tract 2.00 Map Reference 46140 Legal Description See Attached Sale Price Date of Sale Loan Term yrs. Property Rights Appraised Fee Leasehold De Minimis PUD Actual Real Estate Taxes N/A (yr) Loan charges to be paid by seller Other sales concessions None /Client Address.OK.74003 Occupant Vacant Appraiser Tim R.Cowan Instructions to Appraiser Estimate market value Location Built Up Growth Rate Property Values Demand/Supply Marketing Time Present Land Use Urban Suburban Rural Over 75% 25% to 75% Under 25% Fully Dev. Rapid Steady Slow Increasing Stable Declining Shortage In Balance Oversupply Under 3 Mos. 4-6 Mos. Over 6 Mos. 95 % 1 Family 5% Commercial % 2-4 Family % Apts. % Condo % Industrial % Vacant % Change in Present Land Use Not Likely Likely (*) Taking Place (*) (*) From Residential To Commercial Predominant Occupancy Owner Tenant % Vacant Single Family Price Range 20,000 to 50,000 Predominant Value 35,000 60 yrs. to 100 yrs. Predominant Age 90 yrs. Single Family Age Good Avg. Fair Poor Employment Stability Convenience to Employment Convenience to Shopping Convenience to Schools Adequacy of Public Transportation Recreational Facilities Adequacy of Utilities Property Compatibility Protection from Detrimental Conditions Police and Fire Protection General Appearance of Properties Appeal to Market SITE Comments including those factors, favorable or unfavorable, affecting marketability (e.g. public parks, schools, view, noise): Subject is located at the corner of Jennings Ave. 8th Street and also Armstrong Ave.Close to shopping,churches and schools. Dimensions 56,650 sf = Zoning classification Commercial Highest and best use Present use Other (specify) Commercial Public Other (Describe) OFF SITE IMPROVEMENTS Elec. Street Access Public Private Gas Surface Asphalt Water Maintenance Public Private San. Sewer Storm Sewer Curb/Gutter Underground Elect. & Tel. Sidewalk Street Lights 56,650 Sq. Ft. or Acres Present Improvements do Corner Lot do not conform to zoning regulations Topo Level Size 56,560 sf Shape Rectangular View Commercial Drainage No Is the property located in a HUD Identified Special Flood Hazard Area? I suggest a survey be completed by a Comments (favorable or unfavorable including any apparent adverse easements, encroachments, or other adverse conditions): professional to ascertain if there are any problems.and title search. Yes MARKET DATA ANALYSIS The undersigned has recited three recent sales of properties most similar and proximate to subject and has considered these in the market analysis. The description includes a dollar adjustment reflecting market reaction to those items of significant variation between the subject and comparable properties. If a significant item in the comparable property is superior to or more favorable than the subject property, a minus (-) adjustment is made thus reducing the indicated value of subject; if a significant item in the comparable is inferior to or less favorable than the subject property, a plus (+) adjustment is made thus increasing the indicated value of the subject. ITEM SUBJECT PROPERTY Address 709,713,717 & 713 SW Jennings,Ok.74003 Proximity to Subject Sales Price Price Viewed Data Source Date of Sale and DESCRIPTION Time Adjustment Location Site/View Comm.Bldg Site Utilities Roads 56,650 sf Comm.Bldg Site All on site Sales or Financing Concessions None RECONCILIATION Net Adj. (Total) Indicated Value of Subject COMPARABLE NO. 1 COMPARABLE NO. 2 Ave.308 704 SW W.8th KeelerSt.704,712,716 Ave. & 720 1740 SWSE Armstrong Washingtion Ave.Blvd.,Ok.74003,Ok.74006.22 miles E 2.97 miles SE 6.43 5.51 45,000 317,500 Ext Insp/MLS/Appraisal Ext Insp/MLS/Broker DESCRIPTION +( ) Adjust. DESCRIPTION +( ) Adjust. 12-29-2010 7-28-2011 7,000 sf 57,586 sf Comm.Bldg Site Comm.Bldg Site All on site All on site + + COMPARABLE NO. 3 720 SW Jennings Ave.,Ok.74003.13 miles E 16.07 225,000 Ext Insp/MLS/Broker DESCRIPTION +( ) Adjust. 4-2012 14,000 sf Comm.Bldg Site All on site + 6.43 5.51 16.07 Comments on Market Data: All three sales were in the same marketing area as the subject property.after adjustments all three sales proved to be good indicators of market value.all sales listed were utilized a range of value for our subject. All comparables were in the same marketing area. The subject property was given a 9.00 price per square foot. Comments and Conditions of Appraisal: This is a limited appraisal with only the direct sales comparison utilized.no warranty of this appraisal is given or implied.no liability is assumed. The report is contingent of the subject property rezoned as commercial property. Comparable #1 was very similar to the subject property.because of Comparable #1 being smaller in lot size,its price per square foot was larger. www.suredocs.com/validate This a land only appraisal.therefore the only approach applicable is the sale comparison approach.a sales study of Final Reconciliation: commercial lland sales within the city limits for the last three years.and after research the best three were chosen.due to the lack of downtown commercial land sales,i had to go to the east side of to find suitable comparables. I ESTIMATE THE MARKET VALUE, AS DEFINED, OF SUBJECT PROPERTY AS OF September 04 2014 to be 510,000 Tim R.Cowan Appraiser(s) [Y2K] Did Did Not Physically Inspect Property Review Appraiser (if applicable) Serial #:1C3F3D5F Cowan Appraisal Service (918)335-0527

Subject Photo Page Subject Front 709,713,717 & 713 SW Jennings Ave.308 W.8th St.70 Sales Price Gross Living Area Total Rooms Total Bedrooms Total Bathrooms Location View 56,650 sf Site Quality Age Subject Rear Subject Street Form PICPIX.SR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Location Map Form MAP.LOC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Flood Map Form MAP.FLOOD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Location Map Form MAP.LOC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Flood Map Form MAP.FLOOD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

This appraisal report has been electronically signed using SureDocs by a la mode. It is as valid and legally enforceable as a wet ink signature on paper, with a number of clear advantages. First, SureDocs helps to make identity theft and fraud a thing of the past. By using advanced third party identity verification from Equifax, you can be assured that the appraiser signing this report is really who they say they are. Plus, you can verify that the salient data points of the report have not been altered in any way. To verify the integrity of this document, visit www.suredocs.com/validate. Enter the Serial Number and Signer Name fo this document that are listed below. SureDocs will generate a report showing the profile of the appraiser(s) who signed the report, the date and time the signatures were applied, and the salient data from the report at the time of signing. Comparing the report information in SureDocs to the document you have in hand will quickly reveal if any tampering has taken place. The report below is an example of what you would see when verified by SureDocs. Salient Data: Date of Sale: Borrower: : Size (Sq.Ft): 56,650 Price Per Square Foot: Location: Age: Signer 1: Condition: Total Rooms: Bedrooms: Baths: Appraiser: Tim R.Cowan Effective Date of Value ('as of'): September Final Opinion of Value: 510,000 Signer 2: Tim Cowan 17741 N.4000 Drive,, Ok. 74006 Signature: Serial #: 1C3F3D5F Date Signed: 09/08/2014 Signature: Serial #: Date Signed: Form SDVERIFY - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE